iBanFirst reveals its real-time payment-tracking service

This feature is rolled out to both payers and payees and it provides live updates on the status of international payments at any stage of the fund transfer process. The ‘Payment Tracker’ highlights potential roadblocks or delays along the payment’s journey.

With the new initiative, iBanFirst’s mid-cap and SME clients can trace payments the same way consumers can track parcels. The ‘Payment Tracker’ is a simple interface accessible on the iBanFirst platform or via an invitation email. It leverages the SWIFT gpi tracking service and other payment data sources, such as the platform’s own data.